FBI Nabs 2 Investment Managers In $668M Scheme

Law360, New York (February 25, 2009, 12:00 AM EST) -- The FBI has arrested two New York investment managers, charging them with misusing the majority of the $668 million that institutions including colleges and charities invested in a commodities trading and investment advisory scheme.

On Wednesday, the FBI arrested Paul Greenwood and Stephen Walsh, the two principal managers of WG Trading Co. LP, the same day the U.S. Commodity Futures Trading Commission filed civil charges in the U.S. District Court for the Southern District of New York alleging the two had co-opted $553 million from commodity...
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